Decline in Mortgage Rates
The average rate on 30-year mortgages has slipped to 6.27% from 6.3% last week, while 15-year rates dropped to 5.52% from 5.53%.
According to Freddie Mac, the average long-term mortgage rate has declined again, easing to just above its lowest level this year, with a rate of 6.27%, compared to 6.44% a year ago.
- 30-year mortgage rate: 6.27% (down from 6.3% last week)
- 15-year mortgage rate: 5.52% (down from 5.53% last week)
The latest dip brings the average rate to just above 6.26%, where it was four weeks ago, after a string of declines brought down home loan borrowing costs to their lowest level since early October 2024.
Prepare for Open Enrollment—register for a FREE webinar and get your questions answered.
Author's summary: Mortgage rates are nearing a 2025 low.
More News
- Claim misleads about ‘mortgage fraud’ on Trump’s Cabinet
- 'Death has so many gifts to give': Before Boston show, Neko Case talks about life, love, and loss
- Baby Emmanuel Case: Father pleads guilty to all charges, including murder
- 2025 Great Alaska ShakeOut reminds the state to Drop, Cover and Hold On
- Bucks' next move after cutting Chris Livingston feels inevitable
- Victoria's Secret Angels Share Their Favorite Victoria's Secret Fashion Show Memories!
- Megan Thee Stallion teases new single in sultry clip with Klay Thompson
- Inside Yohji Yamamoto’s Enduring Legacy - Yohji Yamamoto Interview
- John Fetterman Says Democrats Are To Blame For Govt. Shutdown: 'Wrong Thing For The Country'
- Blackhawks captain Nick Foligno is taking a leave of absence because of daughter’s surgery